tomo logo

$499,900

Beds
3
Baths
2.0
sq ft
1,795

263 Palm Ln, Clermont, FL 34711

263 Palm Ln

CLERMONT, FL 34711

  • 143 days on market
    • Price drop $25,100↓
ATTENTION: Hurricane Milton didn't touch this mammoth masonry structure ! Don't miss this rare opportunity to own a prime example of Streamline Moderne architecture that emerged during the Art Deco era in the 1930s. This is a must-see property located in the desirable Clermont Heights Neighborhood, within Clermont’s historic district. This gem offers no HOA, an oversized lot, tons of privacy and storage, fruit trees, and great views of Lake Minnehaha. Move in ready with fresh interior and exterior paint, modern plumbing and electric, updated kitchen and baths. As you enter the home, you will find a big, bright combined living and dining room with a large fireplace. The adjacent kitchen presents a clean, bright, and practical design. Two bedrooms, a laundry room and a full bath complete the main floor living space. Upstairs is your dream master suite, featuring two additional tandem rooms, a walk-in closet, and a well-appointed bath. This unique suite provides the perfect space for the Master bedroom plus a nursery, home office, home gym, theater room, bedroom, etc. From the second story suite, follow the curved staircase up to the third level to experience the roof top deck. This 24 ft X 24 ft rooftop hideaway offers open air, panoramic views of the lake and features a brand-new commercial style, tar & gravel (BUR) roof. There is plenty of storage with the garage off the kitchen and a daylight, walk out basement below. Need more? Seamlessly matching the original Streamline Moderne design, the owners have commissioned a full set of engineered plans for a detached, oversized, 2-car garage with an above guest apartment / in-law suite, plans to convert the existing garage into additional bedroom space and adding a main level deck off the back of the home. Clermont’s nickname is Choice of Champions® for good reason. Clermont is home to: the internationally known National Training Center (where numerous Olympic Medalists have trained), Lake Sumter State College, the Clermont Arts and Recreation Center (enjoy theater, gymnasium, meeting space, community pool), the South Lake Fitness Trail, the Clermont Chain of Lakes (famous for boating and world class fishing), Lake Louisa State Park, Clermont’s Waterfront Park, 5 Golf Courses, an annual Collegiate Fast Pitch Softball Tournament, triathlons, dragon boat rowing, dog parks, the South Lake Hospital, bird watching and more. Historic Downtown Clermont is a vibrant place with year-round activities: farmers market, on-site breweries, waterfront restaurants, antique shops, galleries and many cultural events. Future plans for Clermont include the Olympus Sports Complex which will have an ice rink, trail system, amphitheater, hotel, shopping and living spaces. Commuting or travelling? Easily access Tampa and Orlando via the Florida Turnpike, State Road 50 and US 27 (North-South) where attractions and employment opportunities abound. A short commute to Orlando and Tampa attractions. Like the beach? It’s less than two hours from either the Atlantic or Gulf coasts. See rocket launches from the Kennedy Space Center, cruise from Port Canaveral or Port of Tampa, fly from Orlando International or Tampa International Airport.

Details

Property type

Single Family Residence

Est. home value

$372,185

Lot size

0.33 acres

Price per sq ft

$279

Year built

1938

Annual property taxes

$3,204

HOA

No

Price History

10/12/2024
StellarMLS

StellarMLS #G5084105

Price change
$499,900
-4.78%
09/19/2024
StellarMLS

StellarMLS #G5084105

Price change
$525,000
-2.69%
09/06/2024
StellarMLS

StellarMLS #G5084105

Price change
$539,500
-0.07%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$227,674
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$232,234
Cash to seller
$227,674

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Success Mortgage Partners Inc

Loan start date

July 2020

Original loan amount

$255,290

Est. remaining balance

$232,234

Interest rate

3.21%

Loan type

FHA, 30 year

Seller

Kathryn Ziemak and Eric Jon Buffard

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 3:45 PM

Listing updated: 11/19/2024 at 2:06 PM

Listed by: Richard Bisaillon, COLDWELL BANKER TONY HUBBARD REALTY Phone #: (352) 394-4031

MLS: StellarMLS #G5084105

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Recently listed in CLERMONT